Today Skechers USA (SKX) Hits New Lifetime High

Trade-Ideas LLC identified Skechers USA (SKX) as a new lifetime high candidate

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Trade-Ideas LLC identified Skechers USA ( SKX) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Skechers USA as such a stock due to the following factors:

SKX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $71.8 million.

Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children, as well as performance footwear for men and women under the Skechers GO brand name. SKX has a PE ratio of 35. Currently there are 6 analysts that rate Skechers USA a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Skechers USA has been 1.0 million shares per day over the past 30 days. Skechers USA has a market cap of $4.7 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 1.06 and a short float of 8% with 4.36 days to cover. Shares are up 100.5% year-to-date as of the close of trading on Thursday.

Governance experts argue that over-tenured directors don't provide good oversight. A review by BoardEx notes that directors at 10-year-old insider controlled public companies have served for 12 years on average.